India Financial News

“We wish to inform you that Union Cabinet chaired by Honourable Prime Minister of India, Shri Narendra Modi approved the proposal of Kaynes Semicon Private Limited, a wholly owned subsidiary of Kaynes Technology India Limited, to set up a semiconductor unit at Sanand, Gujarat through its press release dated 02nd September, 2024,” the company said in a filing to the exchanges.

Netflix regarding the controversy surrounding the 'IC814-The Kandahar Hijack', the OTT platform has assured to be 'sensitive' to and in accordance with the India's sentiments. Further, it has also assured the Information and Broadcasting Ministry that it will conduct a content review following an uproar for the use of Hindu names for two terrorists, ANI reported citing sources. The Anubhav Sinha directed series has drawn criticism from the BJP-led centre for using Hindu names of two terrorists, 'Bhola' and 'Shankar', while the other three are referred to as Chief, Doctor, and Burger.

AIPL plans to take the rental portfolio to nearly 5 million sq ft with multiple retail and office complex under construction, a senior executive said. Majority of the company’s commercial project are in Delhi-NCR while some are in Punjab as well. The company currently operates 1.4million sq ft and by Q2 2025, two projects, AIPL Statement and AIPL Autograph having total leasable area of 3.5 million sq ft would be ready.

Defence stocks have corrected by up to 30% in the past one month as investors look to book profits after multibagger rallies over the past one-and-half years. As a strategy, investors should stay away from bottom fishing at this time and the decision to invest in this sector should come only when the signs of reversal become apparent, experts recommend. In the Nifty Defence index, six stocks have seen their price erode in double digits with Cochin Shipyard remaining the top loser in the pack falling by 30% in the last one month. It is followed by Garden Reach Shipbuilders & Engineers and Mazagon Dock Shipbuilders which have declined by 26% and 21%, respectively in the same period.

Sikko Industries Ltd.(up 5.00%), Rama Phosphates Ltd.(up 2.87%), Agro Phos India Ltd.(up 2.47%), Gujarat State Fertilizer & Chemicals Ltd.(up 0.77%), Coromandel International Ltd.(up 0.63%), Aries Agro Ltd.(up 0.43%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.40%), Krishana Phoschem Ltd.(up 0.37%), Madhya Bharat Agro Products Ltd.(up 0.26%) and Rashtriya Chemicals & Fertilizers Ltd.(up 0.21%) were among the top gainers.

mutual funds have ruled the return chart in August. Mutual funds based on three defensives — pharma & healthcare, technology, and consumption — offered an average returns of 6.33%, 4.75%, and 2.97% respectively in the said period. Around 14 pharma & healthcare sector based mutual funds have been there in the said period. WOC Pharma and Healthcare Fund offered the highest return of around 9.37%, followed by UTI Healthcare Fund which gave 7.08% return in the same time period. Quant Healthcare Fund offered the lowest return of 5% in a similar time frame.

Ravindra Energy Ltd.(up 5.00%), Suzlon Energy Ltd.(up 3.07%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Energy Development Company Ltd.(up 1.83%), Gujarat Industries Power Company Ltd.(up 1.61%), Inox Wind Ltd.(up 1.35%), PTC India Ltd.(up 1.32%), Jaiprakash Power Ventures Ltd.(up 1.23%), GE Power India Ltd.(up 1.16%) and NLC India Ltd.(up 0.93%) were among the top gainers.

Maharashtra has the maximum IGBC registered projects in India followed by Uttar Pradesh and Gujarat as India has seen a substantial increase in green building certifications, with over 7,000 IGBC-certified (The Indian Green Building Council) projects covering an estimated 1,370 million sq. ft. of built-up area. According to a Savills India research, concept of green leases in India is in early stages but gaining traction due to growing awareness about sustainability. There is a rising demand for sustainable buildings among corporations, especially multinational companies with global sustainability goals.

Prime Minister Narendra Modi has chosen to visit Singapore so early in his third term," The Straits Times quoted Jaishankar as saying in an interview. He said that India and Singapore's bilateral ties «have been extremely strong in the last two decades». Just like Singapore had an opportunity in 1992 and then again in 2006, it should seize the moment and fully utilise the new landscape, the minister said.

Indian Coast Guard (ICG) Advanced Light Helicopter (ALH), which had recently saved 67 lives during cyclonic weather in Gujarat, was forced to make an emergency landing in the Arabian Sea during a rescue operation about 45 km from Porbandar. The incident occurred around 11 pm on Monday while the helicopter was conducting a medical evacuation for a seriously injured crew member aboard the Indian-flagged Motor Tanker Hari Leela, in response to a request from the vessel's Master. The helicopter took off around 11 pm on Monday. As it approached the vessel, the chopper had to make an emergency landing at sea. The Indian Coast Guard has stated that the cause of this emergency landing is still under investigation. The helicopter was carrying four aircrew members. One crew member has been recovered from the crash site, but the search for the remaining three continues. The wreckage of the aircraft has been located.

defence ministry meeting to undertake projects. The shares of Mazagon Dock Shipbuilders and GRSE surged up to 8% to their day’s high of 4,560 and Rs 1,940.75 respectively while those of HAL rallied 5% to Rs 4,925. The surge in the sector also pushed the shares of Bharat Dynamics up by 4% to Rs 1,356.

Hero MotoCorp Ltd.(up 0.97 per cent), Bharat Forge Ltd.(up 0.46 per cent), Eicher Motors Ltd.(up 0.17 per cent), Mahindra & Mahindra Ltd.(up 0.04 per cent) and Maruti Suzuki India Ltd.(up 0.03 per cent) were among the top gainers.

Lexus Granito(India)Ltd.(up 1.32%), KIOCL Ltd.(up 1.28%), Madhav Marbles & Granites Ltd.(up 1.18%), Gujarat Mineral Development Corporation Ltd.(up 1.17%), MOIL Ltd.(up 0.88%) and Aro Granite Industries Ltd.(up 0.87%) were among the top gainers.

Indian tennis star Rohan Bopanna and his Indonesian partner Aldila Sutjiadi entered the semifinals of the US Open mixed doubles with a hard-fought win over Australian Matthew Ebden and Barbora Krejcikova of the Czech Republic here. The eighth seeded Indian-Indonesian pair registered a 7-6(4) 2-6 10-7 win over fourth seeds Ebden and Krejcikova in the quarterfinal that lasted one hour and 33 minutes on Monday night. Bopanna and Sutjiadi had earlier defeated Australian duo of John Pears and Katerina Siniakova of the Czech Republic 0-6 7-6(5) 10-7 in a second-round match. Bopanna and Sutjiadi will play American pair of Donald Young and Taylor Townsend in the semifinals.

IIM-Ahmedabad's one-year MBA programme for executives (PGPX) faced challenges this year amid a global slowdown, with the highest maximum earning potential (MEP) offered at Rs 54.8 lakh per annum, marking a six-year low. The highest-ever MEP of Rs 1.08 crore was recorded last year, while the average highest MEP from 2018 to 2022 was Rs 70.56 lakh. In addition, the median MEP increased from Rs 33 lakh in 2023 to Rs 35 lakh in 2024. Out of 147 students, 126 opted for placements, and 121 accepted offers, leaving five unplaced. This is the second instance since the pandemic year 2020 where five students did not secure their desired offers. Three students pursued entrepreneurship, and two joined their family businesses. A total of 105 recruiters participated, with 67 being first-time recruiters. The placement data was shared through the Indian Placement Reporting Standards (IPRS) report for IIM-A's PGPX programme.

Premier Energies' shares debuted on the exchanges with a 120% premium on Tuesday. The stock listed at Rs 990 on NSE and Rs 991 on BSE, compared to the offer price of Rs 450. Ahead of its debut, the company's shares traded at a premium of over 100% in the unlisted market.

IIT Bombay has completed final placements with an average annual package of Rs 23.5 lakh, a 7.8% jump from last year’s average of Rs 21.8 lakh but fewer students compared to last year have landed jobs during the process, a report released by the institute has revealed. In one of the most challenging years for placements to date, about 74.5% of the 1979 students who actively participated in the campus drive have got jobs, with 1475 job offers accepted. This is compared to about 82% last year when 1845 students actively participated and 1516 job offers were accepted. This is despite 364 companies making offers, compared to 324 last year. Seventy-eight international offers were accepted in both Phases of the IIT Bombay placements 2023 — 24, while 22 offers of above Rs 1 crore per year were accepted during this drive, according to data from the institute. Around 206 students received salaries of less than Rs 10 lakh.

₹75,000.Also Read | Apple's 'Glow Time' event: New leaks suggest iPhone 16 Series pricing - check detailsiPhone 15 Plus was launched at a price of ₹89,900 for the 128GB storage variant. However, the Apple flagship is now available for ₹75,999 on Flipkart, a discount of ₹13,601 from the official price. Moreover, there is up to a ₹38,350 discount on exchanging the old device.

How To Become Famous, to become successful, “some people… need to get attached, to the… mood of the nation." Salim-Javed did that with their angry young man. As the actor Sharat Saxena recalls: “It was the 70s… The anger and the fire that burned inside this hero was the same fire that raged within every young man." This is where the documentary peaks on this concept and then moves on. However, Akhtar offers this disclaimer: “We were unaware of all this while writing." A nice segue could have explained how the term ‘angry young man’ emerged.

Sanofi India Ltd.(up 3.83 per cent), Gland Pharma Ltd.(up 2.96 per cent), Mankind Pharma Ltd.(up 2.63 per cent), Glenmark Pharmaceuticals Ltd.(up 1.55 per cent) and Ipca Laboratories Ltd.(up 1.49 per cent) were among the top gainers.

Teachers' Day to honour the immense contributions of educators in shaping the nation's future. This day is not only a tribute to the dedication and hard work of teachers but also commemorates the birth anniversary of one of India's most revered scholars and former President, Dr. Sarvepalli Radhakrishnan. As India celebrates and honours all teachers across the nation, here's all you need to know.